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HOUSTON-The final analysis didn't bear out brokers' reports of increased activity. Occupancy dropped for the fifth consecutive quarter and is now down to 84.7%, according to O'Connor & Associates.
HOUSTON-Hartford Fire Insurance Co. and the Houston Association of Insurance and Financial Advisors reserve space in office buildings owned by BMS Management. Millennium Tower gets one tenant and 3100 S. Gessner gets the other.
HOUSTON-Baker Hughes re-ups a 51,972-sf lease at the 71% occupied Vantage Parkway in North Houston while Edge Petroleum takes 21,571 sf at Travis Tower, a 93% occupied CBD building.
HOUSTON-The Houston-based firm, ICONIXX, re-ups a 17,442-sf lease at 5301 Hollister, where it occupies 37% of the 66,084-sf office building. Caldwell Watson and Trione & Gordon craft the renewal.
HOUSTON-The National Safety Alliance and a local attorney lease a combined 6,851 sf in 3555 Timmons, a 14-story office tower that is gradually feeling the pinch of the times in its occupancy. It's higher than the submarket, but 6% off from the year's start.
HOUSTON-Apex Real Estate Group helped roll out the residential changes and now has secured 3.3 acres to start the retail push along Washington Avenue. The plan is to build a 29,000-sf center filled with national tenants.
STAFFORD, TX-After doing the job internally, a limited partnership turns over two suburban office buildings, totaling 14,970 sf, to Yancey-Hausman. One building is completely empty and the other has a 1,000-sf tenant.
HOUSTON-Pitney Bowes takes the largest chunk of the office-tech space, signing for 10,202 sf for its executive offices. The two deals boost occupancy to 67% in the one-year-old, 365,000-sf business park along West Sam Houston Parkway.
HOUSTON-The 356-unit Calais at Courtlandt gets a construction loan and a lead equity partner. The financing arrangement, nine months in the making, has been signed between Greystar of Charleston, SC and Phoenix Capital Partners of Seattle.
HOUSTON-Developer David Cotrell III is planning a 65,000-sf retail boardwalk project on Atascacita Shores Drive. The $8-million development serving the affluent Kingwood and Atascocita Shores communities includes a 400-foot pier on Lake Houston.